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Columnists aren’t too happy with how the government has responded to hysteria over real estate taxes: Amr Hashem Rabie takes to the pages of Al Masry Al Youm to lambast the government for “scaring” people into quickly paying off their real estate taxes, while leaving rumors about the levy to circulate without trying to dispel […]
Author Archives: enterpriseam admin
Posted inWorth reading
Hedge funds adopt hipsterism to compete with tech for talent
Hedge funds adopt hipsterism to compete for talent with tech: As the reign of the quants in the hedge fund industry continues, the sector is increasingly seeing computer science, IT and artificial intelligence graduates more appealing. The upside is that the hedgies are also finding tech talent difficult to land, as the majority of them […]
Posted inWorth watching
Amish Uber
Uber Horse Cart? Timothy Hochstedler, an Amish man in Indiana, did not just sit by and let his religion’s aversion to technology get in the way of his entrepreneurial spirit: He started his very own ride-hailing service — only this one is with a horse and buggy. He calls it Amish Uber. We certainly see […]
Posted inEnergy
Al Kharafi, NHVS win EGP 471 mn contract for West Damietta transformer station
An Al Kharafi-NHVS consortium was awarded an EGP 471 mn contract to construct a 500 kV power transformer station in West Damietta, according to unnamed Electricity Ministry sources. Other consortia that had competed in the tender include a General Electric-Larsen & Toubro consortium; another made up of Hyosung and China Energy Engineering Corporation; a third […]
Posted inInfrastructure
Finance Ministry in talks with EBRD to launch grain terminal at Dekheila Port
The Finance Ministry is in talks with the European Bank for Reconstruction and Development (EBRD) to launch a tender to establish a grain terminal at the Dekheila Port, PPP Central Unit Director Ater Hanoura tells Al Mal. The Arab Academy for Science Technology and Maritime Transport has conducted studies on the project, he said, without […]
Posted inInfrastructure
El Sisi meets with chairman of Germany’s Herrenknecht
President Abdel Fattah El Sisi met yesterday with Herrenknecht Tunnelling Systems Chairman Martin Herrenknecht to discuss a potential agreement to purchase drilling equipment for several projects, including the expansion of the Cairo Metro, according to an Ittihadiya statement.
Posted inInfrastructure
Four companies work on developing 7.2 mn sqm in SCZone
Four local and Arab companies and consortia are currently working on developing 7.2 mn sqm in the Suez Canal Economic Zone, Amwal Al Ghad reports. The developers include Elsewedy Group subsidiary SDM, a subsidiary of ASEC Capital, a Polaris-Ardic consortium, and a CPC Egypt for Industrial Development Company-Ayady for Investment and Development consortium.
Posted inManufacturing
KIMA 2 project in Aswan set to launch in January
The Egyptian Chemical Industries Company’s (KIMA) fertilizer production facility in Aswan (KIMA 2 project) is set to officially launch in January, according to unnamed KIMA sources. Trial runs are scheduled to start immediately after the facility’s inauguration, whose construction is currently 88% complete, sources said. Italian engineering and construction firm Tecnimont was granted a five-month […]
Posted inManufacturing
SCA in talks with unnamed int’l petrochemical company over USD 980 mn project
The Suez Canal Authority (SCA) is in talks with an unnamed international petrochemicals company to establish a USD 980 mn refinery in the Suez Canal Economic Zone, SCA boss Mohab Mamish tells Amwal Al Ghad. The authority is also in talks with four unnamed Chinese companies to work on textile, garments, construction, and logistics projects, […]
Posted inTelecoms + ICT
Telecom Egypt signs agreement with Bharti Airtel to use MENA Cables fiber pairs
Telecom Egypt (TE) signed yesterday an agreement with Indian telecom company Bharti Airtel that will grant the latter the right to use fiber pairs from TE’s recently-acquired MENA Cables, according to a TE statement to the EGX (pdf). The agreement will allow Airtel to use MENA Cables’ fiber pairs running from Egypt to India through […]